Incorporation in Singapore is a brief procedure of business registration with the ACRA following a competent strategizing of staff relocation, tax planning and paperwork within one of the available business entities. With only 1 SGD in the pocket, you can have your company incorporated in 1 day! Thanks to efforts of Singapore government and its pro-business position, the procedure of setting up a Singapore company was streamlined and modernized to stamp out any corruption and red tape. But despite the ease of the procedure, it shouldn’t be done slapdash as there are lots of factors that should be taken into account. That’s why it’s essential that you get a piece of pro advice for your decision and a competent assistance on the go.
Due to its outrageously low taxes, effective business regulations, a variety of business entities, governmental support, and streamlined company incorporation, Singapore is praised as the planet’s easiest place to run a business by the World Bank’s surveys for several consecutive years. Country’s innovativeness, beneficial location in the very centre of Asia-Pacific, intelligent manpower, and cross-cultural mentality are other few advantages of setting up a company in Singapore. If you are looking for a perfect launching pad for your new company, Singapore is the place to start up!
Private Limited is considered to be the most winning entity for Singapore company incorporation. This company’s structure implies that no more than 50 individuals hold its shares. These shares aren’t available for general public. Most entrepreneurs register their firms in Singapore as private limited companies. Such firms’ names end with Pte Ltd. For instance, our firm specializing in Singapore company incorporation services – One Visa – was also established as Pte Ltd.
The Singapore government encourages every foreign entrepreneur to set up offshore company in Singapore as Private Limited because this entity best suits those businesses whose owners have serious and far-seeing plans of expanding their companies and benefiting from the govt’s tax incentives in long term perspective.
For setting up offshore company in Singapore, you will need to enlist a professional company incorporation service. Singapore doesn’t allow overseas individuals to register businesses on their own. You don’t need any visa if your goal is only to open a company in Singapore: you can run your SG-based business from overseas (brief business visits are possible with a regular visa). The special business visa (EntrePass/Employment Pass) is needed only if the overseas owner decides to shift to SG to run his company right on the place. Every overseas employee you plan to bring along to Singapore must also get an appropriate work visa.
A full package of our Singapore company formation service includes the assessment, name check, paperwork, strategizing and processing visas for you, your family and staff and finally the registration with ACRA itself. To get your company established, you need to provide us with basic documentation about your business to enable us to do the paperwork required for the procedure. You can get the list of Singapore company incorporation documents from our agents.
2 main steps to set up company in Singapore as Private Limited:
You don’t have to be present in SG physically while your company undergoes registration. After we check and approve the name and get the papers done, the registration of a company in Singapore itself takes a few hours. The whole procedure (from the first assessment to the final registration) may take us 3-10 days. Please bring your situation to us so that we could assess your business idea and suggest the winning Private Limited company registration strategy. Our assessment of your incorporation eligibility is absolutely FREE!
Setting up a new company in Singapore as Pte Ltd, you separate the firm’s liability from its directors’ and shareholders’ personal liability and limit it with the company’s shares.
Private Limited’s ownership can be changed by selling the shares (whole or partial) or passing them to a new investor.
A company incorporated as a Branch Office is 1 of 3 possible forms of establishing an overseas company’s presence in Singapore. The same as a Subsidiary company and a Representative Office, a foreign Branch Office in Singapore doesn’t perform separately as an entity but acts as an extension of its parent firm: all liabilities of the Branch Office belong to the parent firm.
If an overseas company decides to open a Branch Office in SG, it faces the need in local legal, accounting, and corporate secretarial services. At One Visa, you can get a piece of qualified advice on any of these matters.
2 main steps to set up company in Singapore as Branch Office:
A full package of our Singapore company formation services includes the first assessment, name check and reservation, paperwork, strategizing and processing visas for you, your family and employees and finally the registration with ACRA itself. To get your Branch Office set up, you need to provide us with basic documents about your business so that we could do the paperwork required for incorporation of business in Singapore. Please find out how to set up a company in Singapore as a Branch Office in the shortest possible time from our agents.
Basically, after we check and approve the Branch Office’s name and get the papers done, the registration of a company in Singapore itself takes a few hours. The whole procedure (from the first assessment to the final registration) may take us 3-10 days. After the registration is complete, a corporate bank account must be opened in a local or international bank. The velocity of this procedure depends on the bank as some of them require the person’s presence for opening the account.
If you choose Singapore company registration services provided by One Visa, we will mind all registration chores. If conducted by us, your Branch Office registration doesn’t require the physical presence of your company executives. You can calmly sit back and do what we believe you like doing most of all – your business. Let us mind all paper administrative groundwork for your Branch Office company Singapore registration.
SG-based Representative Office is one of many forms of establishing the presence of an overseas company. Such type of Singapore business incorporation is often used for studying and exploring potential market opportunities in Singapore before making a global investment. Unlike a Subsidiary or a Branch Office, Singapore Representative Office has no legal status. It means that this form of new company registration in Singapore works as a temporary (3-year) office for various research activities that aren’t aimed at generating profit such as, for example, market research, studies on feasibility and other business matters.
Other sectors can enjoy a quite straightforward Singapore Representative Office registration. One Visa will instruct you in procedures to register a company in Singapore and guide you through all milestones of such Representative Office formation.
A full package of our Singapore incorporation services includes the first assessment, name check and reservation, paperwork, strategizing and processing visas for the chief representative and his family and finally the registration with ACRA itself. To get your RO set up, you need to provide us with basic documents about your business so that we could do the paperwork required for Singapore companies formation. Please find out from our agents how to register the company in Singapore as a Branch Office in the shortest possible time.
Basically, after we check and approve the name for your Representative Office and get the papers done, the registration of a company in Singapore itself takes a few hours. The whole procedure (from the first assessment to the final registration) may take us 3-10 days. Please contact our incorporation experts for competent assessment of your business situation.
If you own a medium-scale overseas firm, consider starting a company in Singapore as a Subsidiary company. It acts almost the same way as a Private Limited, but the difference is that a parent firm acts as Subsidiary’s major shareholder. Taking to consideration all fortes of the Pte Ltd, this entity works the best for establishing a presence in SG by setting up Singapore company.
As the subsidiary belongs to Limited Liability companies, it shares lots of similar features and benefits with the Pte Ltd:
Foreigners aren’t allowed to the procedure of registering company in Singapore: it must be performed by companies that provide incorporation services professionally. The full package of our Singapore company formation service includes the first assessment, name check and reservation, paperwork, strategizing and processing visas for you, your family and staff and finally the registration with ACRA itself.
To get your company founded as a Subsidiary, you need to provide us with basic information about your business and sit back. You don’t have to be present in SG physically while your company undergoes registration. After we check and approve the name and get the papers done, the registration of a company in Singapore itself takes a few hours. The whole procedure (from the first assessment to the final registration) may take us 3-10 days. Please reach out to our incorporation experts to get an explanation of the Singapore Subsidiary company legislation and a full support in bringing your business to SG.
A company founded in Singapore as a Subsidiary has the same tax benefits as the Private Limited company:
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